Structurers plead with Hong Kong SFC to retain ‘safe harbour’ rules

hong-kong-harbour

Structured product issuers, distributors, private bankers and industry associations have called on Hong Kong’s Securities and Futures Commission (SFC) to reconsider its proposal to remove the so-called ‘safe harbour’ rules that they have long relied on to distribute structured products. Some parties believe as much as 95% of structured products’ notional value sold in 2007 and 2008 in Hong Kong was through private placement. Safe harbour rules have enabled providers to